1914 was a catastrophe for Liberalism. That was unfortunate, but the issues at stake were too big for treatment in terms of party interests. The chal… - David Lloyd George

Take cases like Golder's Green and other cases of a similar kind where the value of land has gone up in the course, perhaps, of a couple of years through a new tramway or a new railway being opened. ... A few years ago there was a plot of land there which was sold at £160. Last year I went and opened a tube railway there. What was the result? This year that very piece of land has been sold for £2,100—£160 before the railway was opened—before I was there—£2,100 now. My Budget demands 20 per cent. of that.

There are many cases where landlords take advantage of the needs of municipalities and even of national needs and of the monopoly which they have got in land in a particular neighbourhood in order to demand extortionate prices. Take the very well-known case of the Duke of Northumberland, when a county council wanted to buy a small plot of land as a site for a school to train the children who in due course would become the men labouring on his property. The rent was quite an insignificant thing; his contribution to the rates I think it was on the basis of 30s. an acre. What did he demand for it for a school? £900 an acre. All we say is this—if it is worth £900, let him pay taxes on £900.

All the trouble that had arisen in Europe had come from a flagrant breach of the undertaking to disarm by all the victors except one. ... He knew that there had been horrible atrocities in Germany, and they all deplored and condemned them, but a country passing through a revolution was always liable to ghastly episodes owing to the administration of justice being seized here and there by an infuriated rebel. He was neither a Nazi nor a Fascist nor a Communist. If the Powers succeeded in overthrowing Nazism in Germany, what would follow? Not a Conservative, Socialist or Liberal régime, but extreme Communism. Surely that could not be their objective.